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If they didn't have a semi-legal business model, someone with a lot of money would have eaten their lunch already. By being in a gray area, they can avoid comp
by narrator 6y ago
If they didn't have a semi-legal business model, someone with a lot of money would have eaten their lunch already. By being in a gray area, they can avoid competition from the publicly traded behemoths. After all, AirBnB isn't that hard of a website to copy. Facebook could have ripped the whole concept off, if they wanted to get into that business, in about 2 months.
- TeMPOraL 6y agoThere is no legal business there to be had with such returns. The website, indeed, was trivial. It was also not how AirBnB made money. They made money by enabling and encouraging individuals to make money illegally.